WEEK TWO: Financial Wellness
During week two, our goal was to highlight the importance of financial wellness. The youth were taught what financial wellness is, and how they can achieve this category of wellness on a regular basis.
Some of the ways the kids were taught to promote their financial wellness included spending time volunteering, saving money, aspiring towards a career, and more. The students were then posed with three questions to answer to assess their understanding of financial wellness, and they were asked to ask a caregiver these questions as well and record both answers. Below is a summary of how the kids responded to each question, and what they seemed to have taken away this session.
Question One: The first question we posed was: “Have you ever been a volunteer? What skills did you learn?” The answers varied from the kids volunteering in libraries and community centers, to have no experience at all. The kids who have volunteered emphasized that they learned important skills while volunteering, such as organization. The kids who volunteered also noted that they learned it is important to volunteer and give back.
Question Two: The second question we posed was: “What do you want to save money for when you grow up?” The children had varying answers for themselves. The most universal answers that were noted by the kids included saving for a house, car, and education. Some kids said that they wanted to save money just to always have access to money. The caregivers also gave practical answers like “homes” and “vacations”. The goal of this question was to teach the kids that it is crucial to save some of your money because you will always have a purchase you want to make, even later on in life.
~Emily Milgrim, University Of Pennsylvania ‘25